Petersen International Underwriters

Petersen International Underwriters

Petersen International Underwriters (PIU) delivers insurance solutions for health, disability, medical and contingency risks. PIU has been identified nationwide and worldwide for its underwriting skill, originality, and direction in the insurance industry for almost four decades. The company offers several disability plans for athletes, business entrepreneurs, and individuals. It also provides life and contingency coverage, including high-limit accidents, brand protection, kidnap, ransom, and more. 

PIU is licensed in all 50 states, Washington D.C., and Canada but not all products are available in all states or countries. In 2001, the company developed the first severance agreement disability plan, followed by a special disability plan for the NFLPA and the Accelerated Benefit plan for age 70 in 2014. In addition, from 2017 to 2019, PIU has passed bills that amended previous legislation prohibiting the sale of special use disability insurance. 

PIU is a Lloyd’s Cover holder, and the company’s financial strength lies in Lloyd’s market. Lloyd has received A+, A.A.-, and A from Standard & Poor’s, Fitch Ratings, and A.M Best, respectively. 

Petersen International Underwriters’ Eligibility 

Each plan has its own eligibility, which is mentioned in the plan’s documents or brochure. As PIU offers specialty plans to its members, the eligibility differs from one plan to another. For example, the Bridge Plan is meant for US residents waiting for Medicare eligibility. It serves as a go-to-gap product for individuals aged 60 and above who are not eligible for the Medicare plan or have missed the enrollment window. Current immigrants to the US who do not have residency or have been living in the US for less than 5 years or are still not eligible for the Medicare plan can opt for the Bridge Plan. 

In contrast, USAway Major Medical Plan is designed for Americans living and traveling abroad. US residents traveling outside the US must purchase short-term medical insurance to safeguard them from misfortunes and catastrophes. On the other hand, the International Major Medical Insurance Plan is suitable for foreigners coming to the US or moving to the US or employed by a US company for business or leisure. 

Petersen International Underwriters’ Claim 

Depending on the plan you have purchased, you need to select the correct claim form and submit it to the office. Written notice of a claim must be submitted within 20 days, and written proof of loss must be given to underwriters within (90) days after the date Eligible Expenses are incurred. Written proof of loss includes a completed claim form, medical records, and original receipts. 

All receipts must have legible information like the provider’s name and address, diagnosis and treatment, payment, service date, etc. Apart from this, the underwriters get the right to verify the records by obtaining necessary information from different sources. 

• For Bridge Plans, you can submit the claim forms to: 

Disability Management Services, Inc

1350 Main Street, Suite 1600

Springfield, MA 01103

• For Short term Medical, forms can be mailed to: 

Peterson International Underwriters

P.O. Box 92110 

Elk Grove Village, IL 60009 

Petersen International Underwriters’ Insurance Cost 

The insurance costs of PIU plans can vary depending on the policy maximum and deductible you are choosing. Moreover, age, too, plays a crucial role in determining the premium. It is suggested to contact the company to find out the exact quotes for a plan.